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Montana Corp. is preparing its statement of cash flows. During the period, Montana sold a machine for $20,000. The machine had an original purchase price of $50,000 and a book value at the time of the sale of $40,000. How would this sale appear on the statement of cash flows? O operating cash inflow of $20,000 O operating cash outflow of $30,000 O investing cash inflow of $20,000 O investing cash inflow of $30,000

Montana Corp. is preparing its statement of cash flows. During the period, Montana sold a machine for $20,000. The machine had an original purchase price of $50,000 and a book value at the time of the sale of $40,000. How would this sale appear on the statement of cash flows? O operating cash inflow of $20,000 O operating cash outflow of $30,000 O investing cash inflow of $20,000 O investing cash inflow of $30,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Montana Corp. is preparing its statement of cash flows. During the period, Montana sold a machine for $20,000. The machine had an original purchase price of $50,000 and a book value at the time of the sale of $40,000. How would this sale appear on the statement of cash flows? O operating cash inflow of $20,000 O operating cash outflow of $30,000 O investing cash inflow of $20,000 O investing cash inflow of $30,000 A 1
Transcribed Image Text:Montana Corp. is preparing its statement of cash flows. During the period, Montana sold a machine for $20,000. The machine had an original purchase price of $50,000 and a book value at the time of the sale of $40,000. How would this sale appear on the statement of cash flows? O operating cash inflow of $20,000 O operating cash outflow of $30,000 O investing cash inflow of $20,000 O investing cash inflow of $30,000 A 1
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